Member Info for FrankyS1971

Sure..oil price war which russia has orchestrated to get regime change in US. This will continue and see oil into the low-mid 20s. Tullow is not sat on a cash pile to weather this storm.

Nobody will offer 60p a share. This business is dead people. How does anyone think Tullow can survive with oil below 50$ for the year and possibly half of that?? It can t.

Deluded . This business is going bust. Duhhhh .

Oh I thought is was anything underr 4,3 & then 2 pound which was a steal??

Boom and there you have it! Pretty sensible and accurate summary of where I'm at. On balance this feels more likely than new management turning up with a pretty strategy and some cash to turn this around. I am certain that the Bank is being forced into a firesale where the best assets can be bought cheaply and the distressed debt bypassed. No one is going to buy the whole Bank as is. Why the F would you take on these liabilities in its entirety? If you had to take on that risk and buy the Bank complete, then you've got to be looking way further south than this.

I called 1.00 last October and also shared how rapidly the risk portfolio of a bank can deteriorate and that the downside was vast with no one taking that into account. Many times told to f off.
Very simple question then..how does a bank with a poorly managed portfolio of risky consumer debt in a zero rates environment make money?? Answer it doesnt, it goes bust or there is a firesale of some of the more valued books as the bank has no choice but to roll over. Please also consider if there were bad news about metro to come out how a run on the bank might unfold. So....by all means grab some shares and pray for a bounce but gravity has got this share in its grip.

Firesale of assets on way. No chance tullow has pockets to last until 2021 when inventories start to clear. Bounces in SP along way but looks and feels like business with agonal death breathing to me.

Don t underestimate how low oil price can go. 30$ p.b. may seem far fetched but goldies predicted 25$ not so long ago. there is a double whammy of no demand and large inventories. This may see indebted businesses like Tullow facing rapid deterioration a fire sale in assets and chapter 11. Not worth playing IMO just for a hopeful bounce.

Are you kidding?? US offers very expensive living standards. Too many big companies lobbying govt and getting concessions leading to poor choice and value for consumers. Not enough true competition in the US as the system has become corrupted with big money and politics. Very bad for consumers who are ripped off. Can t agree soz

Non sensical post. When did normal flu hospitalise 1 in 8 people who end up on respirators in a critical condition? The deaths are amongst the weaker and infirm mainly but folks of any age are in hospital in a **** state at an acute and chronic phase for 3-4 weeks. Good luck with that perspective but this is way worse than seasonal flu when you look past purely death rate.

Best park those cat like instincts

Well super..I suspect we are pausing for breath before the next leg up but I have a real concern....if gold is 1800 by q2 it's no good if we can t dig the stuff up owing to lockdowns etc from virus particularly in many countries that have poor medical facilities where barrick operates. Not sure what the play is.

Hi Super. Yes it was always a long term hold. Nearly got all my acacia money back and sad not to have doubled my money as most gold miners would have afforded. Equally I didn t jump from one mistake to another so will have to take on chin. HECLA been a good play. To me..china and Japan loose monetary policy and maybe the US too. Ultimately great for gold and with Barrick they will probably get to 35+ against gold at 1800. Maybe take a year or more to play out and possible economy will shrug virus off and see gold back to 1500 beforehand....

True re tesla. !

Haha!!!! Perfect!!-))

Reading between lines there are a lot of mentions of stocks that are in freefall with lots of folk trying to catch falling knives in the hope of a big bounce and quick profit. Even if this happened to you once or twice you would carry on with this approach and do your lot sooner or later. Casino might suit better? Does anyone think this stock is going to go up with shorts at 8.5%. Might not be 10% but still very very high!!! Why is the stock being shorted by experts and why would you bet against them as an amateur. I just don t get it at all.

True. I guess overall its rosier and agree they can always close off in a blink..the same protagonists in my acacia shares were good at fuelling optimism before crashing the price down which was hard to stomach. Hope you all get a bounce.

I notice that when the short tracker had minimal decreases in the overall short positions before christmas, lots of you seemed to be very optimistic. Now that the short positions are universally rising, there is no mention on the board. So do you think its irrelevant or are the shorters getting ready for the next round of flannel wringing?? I suspect so.

Finally Barrick does the deal. Just after announcing more lay offs so magafuli got another backhander and finally shook on it. Should mean Barrick can get going with production and underpin a strong performance with higher GP helping this along. Might see my money back eventually-))

Did you get on HECLA?? Hope so! Am up over 50% now